This property looks like a bad Long-Term investment with a projected -12.55% first-year return on $54,894 initial cash invested.
-12.55%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$1,523
Rent
-$574
Cashflow
Cash Flow
$1,523 income − $2,097 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,894
Downpayment
20%
$52,280
Closing costs
1%
$2,614
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,523
Total Expenses
$2,097
Mortgage P&I
94%
$1,432
Property Taxes
10%
$154
Home Insurance
8%
$116
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0